The Securities and Exchange Commission (SEC)’s Office of Minority and Women Inclusion (OMWI) is inviting regulated entities to submit voluntary self-assessments of their diversity policies and practices for the Diversity Assessment Report. The report will supplement the Joint Standard interagency policy statement, released in 2015, which aims to establish standards for assessing diversity and inclusion efforts.
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A Helping Hand for American Employees
This week, the House of Representatives passed the Encouraging Employee Ownership Act of 2017, bipartisan legislation making it easier for companies to offer employees business ownership opportunities.
A Helping Hand in the SEC Small Business Advocate Act of 2016
Small businesses are the backbone of the U.S. economy. With the jobs and services they provide, the 30 million small business owners in the U.S. keep the country moving forward one community at a time. However, with limited employees, depleted resources and unforgiving competition from larger companies, small businesses are often at risk of being forced to close their doors.
The resources for small business owners, like the Small Business Administration (SBA) and campaigns like Small Business Saturday, are important and incredibly useful. With the funding opportunities and awareness they provide, these outlets can mean the difference between increased revenues and a permanently closed sign. Soon small businesses will have one more valuable resource at their disposal.
On December 16, 2016, President Barack Obama signed HR 3784 or the SEC Small Business Advocate Act of 2016 into law. The act will create a new Office of the Advocate for Small Business Capital Formation within the U.S. Securities and Exchange Commission (SEC) tasked with pursuing the interests of and addressing the obstacles to small businesses.
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